Photo from UNIAN National Joint-Stock Company Naftogaz of Ukraine will reduce the minimum prices of natural gas for industrial consumers from February 1, 2019, by 3.3%, from UAH 10,822 ($386) per 1,000 cubic meters in January 2019 to UAH 10,460 ($373). At the same time, maximum prices of natural gas for industrial consumers will be reduced by 3.2% on February 1, 2019, from UAH 11,833 ($422) per 1,000 cubic meters to UAH 11,459 ($409), the company said in a statement. Naftogaz quotations are differentiated depending on the volume of purchase and payment terms, the company said. Read alsoNaftogaz CEO names natural gas production cost at Ukrgazvydobuvannya If a buyer has no debts before Naftogaz or intends to buy at least 50 million cubic meters of gas per month, the minimum price is applicable. In other cases, buyers are to pay a higher price. All prices are VAT included. As UNIAN reported earlier, Naftogaz reduced prices of natural gas for industrial consumers by 3% on January 1, 2019, against December 2018. UNIAN memo. NJSC Naftogaz of Ukraine is the largest state-run vertically integrated oil and gas holding whose subsidiaries account for about 90% of oil and gas production in Ukraine. Naftogaz develops oil and gas fields, produces crude oil and natural gas. Its core business is also transportation and trade in fuel through its own network of filling stations.